"Powell's products manage and protect electrical flow for oil-and-gas facilities, utilities, and industrial sites. When those markets accelerated, so did orders."
"In fiscal 2025, oil and gas made up 37% of revenue and electric utilities 25%. Revenue growth outpaced industrial-products peers, whose average quarterly sales rose just 1.4%."
"New orders jumped 63% to $439 million and included a $100-million-plus LNG project on the Gulf Coast plus multiple data-center electrical infrastructure wins."
"The book-to-bill ratio hit 1.7 times; backlog reached a record $1.6 billion, up 16% year-over-year, with oil and gas and utilities each at roughly 30%."
The U.S. energy sector is experiencing significant growth due to increased demand from artificial intelligence and rising LNG exports. Powell Industries, a supplier of electrical equipment, has benefited greatly, with shares surging 1,590% over three years. In fiscal 2025, oil and gas contributed 37% of revenue, while electric utilities accounted for 25%. Recent fiscal results showed a 4% revenue increase, a 20% rise in gross profit, and a 63% jump in new orders, indicating strong market demand and a robust backlog.
Read at 24/7 Wall St.
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